FTSE 100 Hits Record High of 10,500 Amid Tech Rout and Oil Price Surge

The FTSE 100 rose to a record high of 10,402.34, a 0.9% gain, despite concerns about stocks vulnerable to AI. The rally was driven by gains in oil stocks such as Shell and BP, as well as a positive update from GSK. The FTSE 250 gained 0.2%, while the Nasdaq fell 1.3% and the S&P 500 dropped 0.3% in New York.